BANPU : Outlook for Feb 21st

BANPU needs to break and hold above 768 to turn the chart over to the bulls in a big way, and indeed if it manages to do so, it will validate a technical target near 820.

The stock closed the week at 760 and has initial support at 754-756. If this support holds, which looks likely, then the 768 on to 774 will be the very near term target for the counter, but a move to as high as 794, even 800 is possible if volume increases to 5-6m shares for a day or two. Consider entry at 754 or so.

CAT builds new submarine cable system, APG, supporting super high-speed data capacity as global content businesses are coming to Asia to build business foothold, resulting in constant high traffic. Demand of international bandwidth for Thailand in the next 3 years is expected to increase by 6 times. CAT Internet Gateway is also revealed to be the first in Th […]

The Stock Exchange of Thailand main index went up 1.88 points or 0.12% to close at 1,527.29 points at the end of trading session this morning. The trade value was 22.39 billion baht, with 5.34 billion shares traded.

Caracas: With the value of Venezuela's largest banknotes reduced to a few US cents by triple-digit inflation and the currency's collapse on the black market, the country's central bank said it would begin circulating higher-denomination notes this month.

NEW YORK: Starbucks Corp, looking to the future as its longtime chief executive officer moves to other projects, plans to open 12,000 new locations within five years to boost its number of coffee shops worldwide by almost 50%.